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Nifty Trading near Minor Resistance Area

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Updated On:

In the Last Nifty Intraday Technical Analysis, we discussed. Bulls are in a strong position, and we can see more upside in the upcoming sessions, and from a short-term perspective, 11700-11800 range is strong support. So bears will get active below this range only.

Yesterday was like consolidation day, Nifty made the low near 11864 levels.

Earlier 11870 area in Nifty was acting as Resistance on closing basis.

Nifty minor resistance area analysis continues...

Click on Chart to Enlarge

The view is still the same, chances of further upside in Nifty are more.

But there is minor Resistance area for Nifty bulls in the 12010-12020 range, trading above it will add new positiveness in the probability of upside.

Critical Support for today in Intraday is at 11900/11860/11750 & Nifty Resistance is at 11976/12020/12120.

Note: Above mention price projection & other Information are for educational purpose only.

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About the Author

Divesh Jotwani is a Full-time trader in the Indian stock market. He has spent over 20+ years researching and discovering WD Gann's methods and applying them day in and out markets.